One of the biggest headaches for business owners is chargebacks, and it’s significantly worse for high-risk businesses like kratom or peptides. When your business is already labeled high-risk, you can’t afford any problems with your payment processor, and chargebacks are just one of the most common reasons enterprises get dropped from mainstream services.
As market share continues to grow and holistic practitioners look for non-pharmaceutical healing methods, the kratom industry is beginning to bloom. Maybe you’re one of these practitioners or an entrepreneur looking to get on the ground floor of a new business; there’s no better time than now to start a kratom business.
The kratom industry continues to grow nationwide as more holistic and wellness specialists utilize the medicine as an alternative to prescription medication. Unfortunately, many kratom businesses struggle because traditional credit card merchants refuse to let them use their service.
There is a lot of uncertainty in the kratom market. It can even be difficult to get a clear answer on the legality of its sale and distribution or what the product is used for. What is it about kratom that is so controversial?
Consumers are consistently doing more shopping online. Globally, the e-commerce market is expected to reach nearly $5 trillion and account for roughly 18% of all retail sales by 2021.